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Wednesday, May 9, 2012

The rupee has once again gone into a free fall. It is being argued that the biggest reason for the same is India's rising trade deficit, which hit the 10% mark as a percentage of GDP in FY12. Today's chart of the day highlights how crude oil and gold imports, the two biggest villains behind India's trade deficit have moved over the years. While gold imports have gone up nearly three times over the last four years in dollar terms, crude imports are up 67% in the same period. Clearly, it is the direction that these two imports take in the coming months will determine the fate of India's deficit.


Source: Business Standard 

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